German Government Backs Support Package

Spiegel - German Chancellor Angela Merkel has thrown her support behind a plan to pump up to €130 billion into the European Union economy. The government in Berlin says it would be prepared to contribute up to €25 billion for a stimulus program.

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Sarkozy’s fiscal meeting raises diplomatic hackles

IHT - President Nicolas Sarkozy of France left the summit meeting on the financial crisis here last weekend in a triumphal mood, declaring that it had tamed the animal spirits of American capitalism. Then he went home and announced that he would hold his own summit meeting in a few weeks in Paris — [...]

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Kraj “rata protiv terorizma”?

B92 Blog by Dejan Jović - Obamina najava da će se povući iz Iraka i ukinuti Guantanamo, dakle, pokazuje da je on možda spreman potpuno napustiti retoriku „rata protiv terorizma”. Problem je, međutim, u tome što se on „nema gdje vratiti”: onaj svijet koji je postojao od 1989. do 2001 - u kome [...]

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Regulation should be international

Financial Times, by C. Reinhart and K. Rogoff - An international regulator with teeth is needed to protect against national political interests that, left unchecked, will again push the global system to excessive leverage and risk.

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The Pirate Problem Continues to Worsen

Spiegel - The hijacking of a Saudi oil tanker — thought to be the largest ship ever taken by pirates — has embarrassed a new EU coalition of warships charged with fighting piracy. German papers on Wednesday say the piracy will continue as long as Somalia remains a failed state.

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The errors of Iraq are being repeated - and magnified

Guardian - The error of Afghanistan is far more serious than the error of Iraq. If the resulting insurgency is now exported to Pakistan, both errors will seem peccadillos. Pakistan is the sixth largest state in the world, and nuclear-armed. The awful prospect is that Obama and Brown may feel too weak to [...]

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Estonian Spy Scandal Shakes NATO and EU

Spiegel - For years an Estonian government official has apparently been collecting the most intimate secrets of NATO and the EU — and passing them on to the Russians. The case is a disaster for Brussels.

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